Virtual credit cards are a safe and secure way to shop online. They work like online versions of physical credit cards, with a unique card number, expiration date, and security code. You can easily limit your spending with them, and hide your actual card details from online stores to make it harder for hackers to steal your information.

Virtual Credit Cards in India

In recent times, fan-following for virtual cards has significantly increased. Several banks in India have launched virtual credit cards with unique features to grab the attention of potential cardholders. There are two ways to obtain a virtual credit card. The first is directly contacting the bank that issues the credit card if they offer this service. The second is by linking a pre-existing card from another bank to an online service. Below is a detailed description of India’s top five virtual credit cards. Only the Fibe credit card is available in physical form the rest are virtual credit cards. Continue reading to learn about all the features and benefits of these virtual cards.

Fibe Axis Bank RuPay Credit Card

Fibe Axis Bank RuPay Credit Card

Axis Bank and FIBE have partnered and launched the Fibe Axis Bank RuPay Credit Card. This card has no joining or renewal fee, making it lifetime-free. Cardholders will get 3% cash back for entertainment, food delivery, and commuting and 1% cash back on other spending. They can easily link this card with UPI applications for seamless transactions. This is India’s first numberless credit card offering consumers an added layer of security. The features of the Fibe Axis Bank RuPay Credit Card are as follows:

  • There is no joining or renewal fee with the Fibe Credit Card.
  • This is India’s first physical numberless credit card.
  • You will 3% cash back on entertainment spend.
  • 15% up to Rs. 500 on over 1000 restaurants with the Axis Bank Dining Delights Program is also provided.
  • Cardholders will also get 4 complimentary domestic airport lounge access (1 every quarter).
  • 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 5,000 with a waiver limit set at Rs. 400.
  • With this card, you can make UPI payments effortlessly.

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HDFC Bank UPI RuPay Credit Card

HDFC Bank UPI RuPay Credit Card

The HDFC Bank introduced a virtual credit card that can be linked to the UPI ID for transactions on UPI apps. The card offers up to 3% cashback on dining, groceries, and supermarket purchases, 2% cashback on utility bills, and 1% cashback on other expenses. The card is issued virtually and accessed through the HDFC Bank MyCards section. You can earn cash points on regular and UPI transactions, redeem them against your card statement balance, hotel, and flight ticket bookings, and on the Smartbuy rewards portal at 1 cash point = Rs. 0.25. The features of the HDFC Bank UPI RuPay Credit Card are as follows:

  • The joining and renewal fee for this card is Rs. 99 plus taxes.
  • UPI applications like MobiKwik, Paytm, BHIM, etc. can be easily linked with this credit card.
  • You’ll get 3% cash points on dining spends.
  • Renewal fee waiver on spending Rs. 25,000 or more the previous year.
  • 50-day interest-free credit period on the credit card from the date of purchase.

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IndusInd Bank ePay Amex Credit Card

IndusInd Bank ePay Amex Credit Card

The IndusInd Bank ePay Amex Credit Card is a virtual credit card launched in partnership with American Express. It offers a secure way to make payments online without needing a physical card. When you sign up for this card, you get a 3-month Zomato Gold Membership that offers unlimited free food delivery, discounts on online orders, and dining deals across India. You earn reward points when you use this card for transactions, starting with 4 points on the first 4 transactions, 8 points from the 5th to the 10th transaction, and increasing to 10 points after the 10th transaction every month. You can redeem your reward points for cash credit, air miles, flights, hotels, and more at Indus Moments. By paying your credit card bill within seven days of issuance, you can earn a 5% cashback. The features of the IndusInd Bank ePay Amex Credit Card are as follows:

  • There is no joining or renewal fee for this card.
  • As a welcome gift, cardholders will get a 3-month Zomato Gold membership.
  • This card also includes insurance benefits, where a cardholder will get up to Rs. 1 lakh as air accident coverage.
  • By spending Rs. 2 lakh on a card anniversary year you will get a complimentary Times Prime Membership worth Rs. 1199.

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Yes Bank RuPay Credit Card

Yes Bank RuPay Credit Card

The Yes Bank RuPay Credit Card is a virtual card that can be linked to UPI apps for convenient UPI transactions. The card offers accelerated eight reward points on UPI transactions above Rs. 2000 and 2 reward points on other online spends. The reward points can be redeemed against various choices at the Yes Rewardz portal. The features of the Yes Bank RuPay Credit Card are as follows:

  • There is no joining or renewal fee with this card.
  • This card offers a low forex markup fee of 2.75% of the transaction amount.
  • You’ll get 8 RP per Rs. 200 on UPI transactions above Rs. 2,000 and 2 RP per Rs. 200 spent on other online spends.

Axis Bank KWIK RuPay Credit Card

Axis Bank KWIK RuPay Credit Card

The Axis Bank KWIK RuPay Credit Card allows users to link it to UPI apps and pay merchants using QR codes. The card offers 2 EDGE reward points for every Rs. 200 spent domestically and internationally, excluding specific categories like fuel, wallet reloads, etc. These points can be redeemed for various rewards, including products and flight/hotel bookings. The features of the Axis Bank KWIK RuPay Credit Card are as follows:

  • This card comes with no joining or renewal fee making it a lifetime free credit card.
  • You can earn 2 EDGE reward points for every Rs. 200 spent on domestic and international spending.

Comparison Between Axis Fibe, HDFC UPI RuPay, and IndusInd ePay Amex Credit Card

Features Fibe Axis Bank RuPay Credit Card HDFC Bank UPI RuPay Credit Card IndusInd Bank ePay Amex Credit Card
Joining Fee Nil Rs. 99 + GST Nil
Renewal Fee Nil Rs. 99 + GST Nil
Reward Rate 3% cashback on Entertainment, Food Delivery & Commute
  • 3% Cashpoints on Groceries, Dining & Supermarket Spends
  • 2% Cashpoints on Utility Spends
  • 1% Cashpoints on Other Spends
  • 4RP from 1st to 4th Transaction
  • 8RP from 5th to 10th Transaction
  • 10RP from 10th Transaction onwards
Reward Redemption Direct Cashback
  • Cashpoints can be Redeemed against the Card Statement Balance, Hotel & Flight bookings
  • 1 Cashpoint = Rs. 0.25
Reward Points can be Redeemed for Cash Credit, AirMiles, or at IndusMoments
Fuel Surcharge Waiver 1% on transactions between Rs. 400 to Rs. 5,000. N/A N/A
Welcome Benefits N/A N/A Free 3-Month Zomato Gold Membership
Lounge Visits 1 Complimentary Domestic Lounge Visit per Quarter (4 Annually) N/A N/A
Insurance Benefits N/A N/A Air accident Cover up to Rs. 1 Lakh

Why Should You Have a Virtual Credit Card?

A virtual credit card is an advanced mode of payment that offers many benefits and advantages over traditional credit cards. The benefits of owning a virtual credit card are as follows:

Convenience

Virtual credit cards can be easily created online and are available instantly, unlike physical credit cards, which require days to process. These credit cards do not require any physical documentation or visits to the bank.

Limited Spending

With virtual credit cards, you can set spending limits so you do not spend more than your budget. This helps in saving money and keeping your budget intact.

Improved Security

Virtual credit cards provide better security than physical credit cards. They generate temporary card numbers, which makes your real credit card details less exposed to hackers. Virtual credit cards often come with additional security features like one-time-use codes, expiration dates, and spending limits, which add an extra layer of protection against fraudulent activity.

Easy to Cancel

If you suspect fraud, you can quickly cancel or delete a virtual card without affecting your main account. Virtual credit cards can be canceled straight through your mobile phones. You don’t have to visit the bank and request them to cancel your card.

Bottom Line

Virtual credit cards work just like physical credit cards, but they are used online instead of in person. They give you a particular card number, an expiry date, and a security code to use when you shop on the internet. They’re great because they keep your actual card details safe. They are mainly used once and then thrown away. This means you can control how much you spend and not worry about someone stealing your card information. These cards offer various benefits, such as discounts on dining, entertainment, fuel surcharges, and access to airport lounges.

The top 5 virtual credit cards we recommend provide something for everyone, whether you want to save money on everyday purchases or enjoy premium perks without carrying a physical card. These cards are the future of safe and smart online spending and are often free or have a low joining fee.

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